The bill amends section 627.711 of the Florida Statutes to authorize the Financial Services Commission to incorporate flood mitigation criteria into the existing uniform mitigation verification inspection form, which is currently used by insurers to provide discounts for wind insurance based on hurricane loss mitigation. The amendment specifies that, in addition to wind mitigation, the commission may include flood mitigation criteria in the form, enhancing the scope of the inspection process to address both types of risks.

The bill also outlines the process for developing the uniform mitigation verification inspection form, emphasizing the need for input from various stakeholders in the insurance and construction industries. The act is set to take effect on July 1, 2025, allowing time for the necessary adjustments to be made to the inspection form and related procedures.

Statutes affected:
S 1596 Filed: 627.711